Tax calculation enhancements

Business value

In this and next release waves, we continue targeted investments in unifying tax determination, calculation, posting, and reporting across countries and regions. The focus is on reducing fragmentation by extending common tax frameworks and aligning tax calculation more closely with posting and regulatory reporting.

Feature details

In the current release wave, we are introducing the following tax calculation capabilities. Automate tax feature creation based on tax master data This feature reduces time and effort for businesses by simplifying the migration from core tax functionality to the advanced tax calculation functionality. A streamlined, automated migration enables customers to adopt and realize the benefits of tax calculation faster and with less manual work. The automated tax calculation feature migrates existing core tax master data in the legal entity using Tax Data Migration. During migration, the system automatically creates the required records in the tax feature setup, reusing existing tax codes, sales tax groups, and item sales tax groups. This approach minimizes setup complexity, preserves current configurations, and ensures a smoother transition to the advanced tax calculation experience.